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2022
Flag → Flag
Exports $244MRnk 60 / 215
2022
Flag → Flag
Top Product $119MIron Ore
2022
Flag → Flag
Exports $189MRnk 20 / 149
2022
Flag → Flag
Top Product $90.9MAcyclic Alcohols
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
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GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Canada-Trinidad and Tobago Trade: In 2022, Canada exported $244M to Trinidad and Tobago. The main products that Canada exported to Trinidad and Tobago were Iron Ore ($119M), Dried Legumes ($7.94M), and Other Uncoated Paper ($6.99M). Over the past 5 years the exports of Canada to Trinidad and Tobago have decreased at an annualized rate of 6.06%, from $334M in 2017 to $244M in 2022.

In 2020, Canada exported services to Trinidad and Tobago worth $42.5M, with Travel ($19.4M), Financial services ($14.2M), and Royalties and license fees ($5.97M) being the largest in terms of value.

Trinidad and Tobago-Canada Trade: In 2022, Trinidad and Tobago exported $189M to Canada. The main products that Trinidad and Tobago exported to Canada were Acyclic Alcohols ($90.9M), Petroleum Gas ($40.8M), and Nitrogenous Fertilizers ($40.1M). Over the past 5 years the exports of Trinidad and Tobago to Canada have increased at an annualized rate of 12.4%,  from $106M in 2017 to $189M in 2022.

In 2022, Trinidad and Tobago did not export any services to Canada.

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$24.6M and imported C$13.3M from Trinidad and Tobago, resulting in a positive trade balance of C$11.4M. Between August 2023 and August 2024 the exports of Canada have increased by C$1.74M (7.62%) from C$22.9M to C$24.6M, while imports increased by C$900k (7.29%) from C$12.4M to C$13.3M.

Trade In August 2024, the top exports of Canada to Trinidad and Tobago were Dried Legumes (C$689k), Other Frozen Vegetables (C$542k), Packaged Medicaments (C$473k), Commodities not elsewhere specified (C$406k), and Newsprint (C$397k). In August 2024 the top imports of Canada from Trinidad and Tobago were Acyclic Alcohols (C$6.53M), Hard Liquor (C$469k), Nitrogen Heterocyclic Compounds (C$129k), Rubberworking Machinery (C$129k), and Non-fillet Fresh Fish (C$126k).

Origins In August 2024 the exports of Canada were mainly from Newfoundland Labrador (C$15.8M), Quebec (C$2.58M), Ontario (C$2.2M), New Brunswick (C$1.29M), and Alberta (C$836k), while imports destinations were mainly Quebec (C$10.9M), Ontario (C$1.81M), Alberta (C$322k), British Columbia (C$97.3k), and Nova Scotia (C$39.2k).

Growth In August 2024, the increase in Canada's year-by-year exports to Trinidad and Tobago was explained primarily by an increase in product exports in Other Frozen Vegetables (C$237k or 77.5%), Computers (C$236k or 6.51k%), and Commodities not elsewhere specified (C$234k or 136%). In August 2024, the increase in Canada's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in Hard Liquor (C$365k or 350%), Confectionery Sugar (C$69.2k or 13.3k%), and Fish Fillets (C$52.3k or 790%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$1.74M(7.62%)
IMPORT GROWTH (August 2023 - August 2024)C$900k(7.29%)
MAIN EXPORTER (August 2024)Newfoundland LabradorC$15.8M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Trinidad and Tobago and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $244M to Trinidad and Tobago. The main products exported from Canada to Trinidad and Tobago were Iron Ore ($119M), Dried Legumes ($7.94M), and Other Uncoated Paper ($6.99M). During the last 5 years the exports of Canada to Trinidad and Tobago have decreased at an annualized rate of 6.06%, from $334M in 2017 to $244M in 2022.

In 2017, Trinidad and Tobago exported $189M to Canada. The main products exported from Trinidad and Tobago to Canada were Acyclic Alcohols ($90.9M), Petroleum Gas ($40.8M), and Nitrogenous Fertilizers ($40.1M). During the last 5 years the exports of Trinidad and Tobago to Canada have increased at an annualized rate of 12.4%, from $106M in 2022 to $189M in 2017.

Exports from Canada (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Trinidad and Tobago
Top DestinationUnited States$4.91B

This map shows whether countries import more from Canada or Trinidad and Tobago. Each country is colored based on the difference in imports they receive from Canada and Trinidad and Tobago or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Trinidad and Tobago included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Trinidad and Tobago than Canada included Jamaica ($430M), Guyana ($257M), and Morocco ($740M).

Difference in imports from Trinidad and Tobago (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Trinidad and Tobago

Flow
Scale

This chart compares trade between Canada and Trinidad and Tobago by product, considering products traded by both, Canada and Trinidad and Tobago.

During 2022, Canada had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($121M), Animal Products ($21.6M), and Machines ($19M).

During 2017, Trinidad and Tobago had a large net trade with Canada in the exports of Chemical Products ($135M), Mineral Products ($40.8M), and Foodstuffs ($5.06M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Trinidad and Tobago+$1.98MPackaged Medicaments
Top Product Potential Trinidad and Tobago Canada+$41.7MPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Trinidad and Tobago. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Trinidad and Tobago. Similarly, a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Trinidad and Tobago (Flag) (2022)

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